Wheaton Precious Metals Corp

WPM

Equity

ISIN CA9628791027 / Valor 36429694

Toronto Stock Exchange (2025-03-14)

CAD 106.04+0.97%

Wheaton Precious Metals Corp
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About company

Wheaton Precious Metals Corp is a leading precious metals streaming company that provides financing to mining companies in exchange for the right to purchase a percentage of the metals produced by their mines. This business model allows Wheaton to secure precious metals at predetermined prices, offering cost predictability and high cash operating margins. By entering into streaming agreements, Wheaton enables mining companies to unlock additional value from their by-product metals, which might otherwise be undervalued in the market. The upfront payments provided by Wheaton can be used by these mining companies to fund exploration, expand production, or strengthen their financial position. This model not only benefits Wheaton's shareholders by providing leverage to potential increases in metal prices but also supports the growth and financial health of its mining partners.

Summarized from source with an LLMView SourceSector: Non-Energy Materials

Revenue Growth

Wheaton Precious Metals Corp reported a significant increase in sales for the third quarter of 2024, reaching $308.3 million compared to $223.1 million in the same period of 2023. This growth reflects the company's strong performance in its precious metals streaming operations.

Cost of Sales

The total cost of sales for Wheaton Precious Metals Corp in Q3 2024 was $110.8 million, up from $96.2 million in Q3 2023. This increase is attributed to higher depletion costs, which rose to $55.5 million from $46.4 million in the previous year.

Net Earnings

Wheaton Precious Metals Corp achieved net earnings of $154.6 million in the third quarter of 2024, an improvement from $116.4 million in Q3 2023. This increase in net earnings is a result of higher sales and improved operational efficiencies.

Earnings Per Share

The basic earnings per share for Wheaton Precious Metals Corp in Q3 2024 were $0.341, compared to $0.257 in the same quarter of the previous year. This increase reflects the company's enhanced profitability and shareholder value.

Dividends

During the third quarter of 2024, Wheaton Precious Metals Corp paid dividends totaling $69.98 million, slightly higher than the $66.99 million paid in Q3 2023. This consistent dividend payout underscores the company's commitment to returning value to its shareholders.

Summarized from source with an LLMView Source

Key figures

74.0%1Y

76.7%3Y

217%5Y

Performance

29.8%1Y

29.9%3Y

34.6%5Y

Volatility